Telangana concludes last phase of Rs 17,000-cr farm loan waiver

A poll promise on these lines was made in 2014 in the then undivided Andhra

Even as the recently elected Bharatiya Janata Party government in Uttar Pradesh prepares to implement the farm loan waiver to keep its election promise, the Telangana government has issued orders for the release of the full and final tranche of Rs 4,000 crore to banks towards a similar loan waiver scheme costing Rs 17,000 crore to the state exchequer.

Though such waivers are nothing new for other states, the Telangana government was among the first to execute the farm loan waiver scheme in an innovative manner through a staggered payment mode as the state Budget could not handle